"The September-quarter earnings season hasnit been up to scratch with more misses than beats at the Ae J level. However, on a weighting basis, results season is not that bad contrary to what is suggested by simple beat-miss ratio. Largecap index stocks, especially in MSCI China, have had a good earnings season so far," said Chetan Seth, Ankit Yadav and Anshuman Agarwal of Nomura in a recent note.
Of the 87 Indian companies under the Japanese brokerage's coverage that are also part of the MSCI indices and have at least three analyst estimates, September quarter results of 48 companies have missed forecastl estimates. As many as 29 companies beat earnings estimates and 10 reported in-line numbers.
China, which has announced a stimulus to prop up its economy, saw 9 out of 87 companies miss forecastsl estimates, Nomura said.
Esta historia es de la edición November 20, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 20, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Isro to study how crops grow in space
Demonstration of seed germination in outer space, a robotic arm to catch tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4—the fourth stage of Isro's PSLV rocket that remains in orbit after launching a satellite.
On offer: Deals for seniors in hotels
Tour operators, hospitality industry roll out customised options for a senior population keen to travel for leisure, adventure
Hotels expect further rise in room rates next year
After hotel room rates hit record highs in 2024, they are set to rise further in 2025 driven by a surge in demand of 7-8 per cent across segments.
Looking back at 2024
The overarching theme of this year has been the RBI's new approach to vigilance
TIFF OVER TARIFF
Trump is talking tariffs once again. What does that mean for Indian exports?
INDIAN TECH STARTUP SCENE IN 2024: MORE UNICORNS, MORE EXITS
India's technology startup ecosystem got six new unicorns in 2024. There were two last year. The new unicorns – startups reaching $1 billion valuation – specialise in lending, logistics, software and generative intelligence.
How agentic AI will work for the world on its own
A new era in artificial intelligence (AI) is underway. In a few months, evolved versions of the technology will emerge and find mainstream applications.
'Cloud and AI will become synonymous in 2025'
JO DEBECKER, managing partner and global head of Wipro FullStride Cloud, believes that a combination of Cloud services and artificial intelligence (AI) will become the \"foundation\" for the success of enterprises. The processing power and data needed to build and train AI models come from Cloud. Debecker, in a video interview with Shivani Shinde, spoke about the two technologies and how Wipro is preparing to be an AI-powered firm. Edited excerpts:
Startups chart new course in space
Indian companies make a mark in downstream sector that uses space data for practical applications, reports SHINE JACOB
Boost term cover with rising income and liabilities
Increase health cover to tackle rising medical costs; consider super-topup and critical illness plan
